Dec 04 2024 48 mins
Julie Ford, an expert in property and tenancy law, joins me to shed light on the transformative Renters' Rights Bill. We address the implications of this legislative change, particularly the transition away from assured shorthold tenancies and the concerns landlords face regarding property possession.
While these changes may initially seem daunting, Julie sees them as a chance to modernise practices and enhance the renting landscape.
We also discuss how the bill could affect rent collection and landlord income, highlighting the importance of staying informed as the bill is still in draft form.
As we navigate the evolving rental market, the critical role of tenant referencing comes to the forefront. Julie shares insights on conducting thorough affordability checks and consulting resources like the rental price index to anticipate rent increases.
We also address the emotional challenges landlords encounter, such as balancing business decisions with tenant affordability, using real-life scenarios to illustrate these complexities.
Communication is key in managing successful landlord-tenant relationships. We explore strategies for fostering open and empathetic communication, emphasising the human aspect of these interactions.
From effective debt management to supporting tenants during financial distress, we discuss the value of education and support systems in promoting financial resilience.
Listen out for my upcoming property investment course designed to equip you with the knowledge to succeed in this dynamic industry.
Stay connected for more insights and updates!
--------- EPISODE CHAPTERS ---------
(0:00:10) - Renters Rights Bill
(0:13:51) - Tenant Referencing and Rent Increases
(0:22:58) - Effective Communication in Landlord-Tenant Relationships
(0:30:49) - Effective Landlord-Tenant Communication and Support
(0:41:29) - Deposits and Guaranteed Rent Scheme
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Website: www.gothardrowe.com
Instagram: @gothard_rowe
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Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them